Mongolia's State Great Hural Discusses Budget Law Amendments

The Standing Committee on Social Policy of the State Great Hural of Mongolia met today to discuss amendments to the 2022 Budget Law and the 2022 Budget Law of the Social Insurance Fund. The meeting was attended by 52.6 percent of members, with some participating in person and others online. The committee was chaired by S.Chinzorig, a member of the State Great Hural. The discussion focused on a report presented by L.Enkh-Amgalan, Member of the State Great Hural and Minister of Education and Science, regarding the budget amendment. The report emphasized the government's efforts to mitigate the economic impact of the pandemic, including the implementation of a 10 trillion Comprehensive Plan to Protect Health and Recover the Economy and a total budget expenditure of 6.9 trillion MNT.

Key Takeaways:

• The Standing Committee on Social Policy of the State Great Hural discussed amendments to the 2022 Budget Law and the 2022 Budget Law of the Social Insurance Fund, with 52.6 percent attendance and participation both in person and online.
• S.Chinzorig, a member of the State Great Hural, chaired the meeting.
• L.Enkh-Amgalan, Member of the State Great Hural and Minister of Education and Science, presented a report on the budget amendment.
• The report highlighted the government's efforts to address the pandemic's economic impact, including a Comprehensive Plan and 6.9 trillion MNT in budget expenditure.
• The committee emphasized the need to balance pension increases with the requirement to maintain the total budget deficit at a specified level.
• Members of Parliament S.Odontuya and Ts.Tuvaan asked questions and shared their views on the issues under discussion.

Statistics:

• 52.6 percent attendance rate at the meeting
• 6.9 trillion MNT total budget expenditure implemented by the government
• 10 trillion MNT Comprehensive Plan to Protect Health and Recover the Economy

Sources:

• Al Bawaba (Albawaba.com)